Guaranteed Investment Certificates

Lock in to some of the best GIC rates in Canada

Eligible for CDIC protection^†
No fees
$100 minimum

Buy a GIC

A man in a yellow shirt is caring for plants in a vibrant garden, surrounded by greenery and blooming flowers.

How much growth are we really talking about?

Use our GIC calculator to see how much your savings will grow with our different options.

How much do you want to invest? Amount

GIC term GIC Terms

How do you want your interest paid out?

Interest is paid at maturity Interest is calculated on a per annum basis and compounded annually

Interest is paid annually Simple interest is calculated on a per annum basis

Simple interest is calculated on a per annum basis

How much growth are we really talking about?

Use our GIC calculator to see how much your savings will grow with our different options.

Our rate

GIC term

Estimated earned interest

Browse rates and terms to find the right GIC

Have questions? Get answers to common questions about GICs here.

TFSA

RRSP

FHSA

TFSA GICs
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%

RRSP GICs
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%

FHSA GICs
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%

Non-registered
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%

TFSA

RRSP

FHSA

TFSA caption
Term	Rate^*	Start investing
3 month	2.50%
6 month	2.75%
9 month	2.85%

RRSP caption
Term	Rate^*	Start investing
3 month	2.50%
6 month	2.75%
9 month	2.85%

FHSA caption
Term	Rate^*	Start investing
3 month	2.50%
6 month	2.75%
9 month	2.85%

Non-registered GIC rates
Term	Rate^*	Start investing
3 month	2.50%
6 month	2.75%
9 month	2.85%

TFSA

RRSP

FHSA

TFSA GICs
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%
6 Year	2.35%
7 Year	2.35%
10 Year	2.35%

RRSP GICs
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%
6 Year	2.35%
7 Year	2.35%
10 Year	2.35%

FSHA GICs
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%
6 Year	2.35%
7 Year	2.35%
10 Year	2.35%

Non-registered GICs
Term	Rate^*	Start investing
1 Year	3.30%
15 Month	3.40%
2 Year	3.70%
27 Month	3.70%
3 Year	3.75%
4 Year	3.85%
5 Year	4.00%
6 Year	2.35%
7 Year	2.35%
10 Year	2.35%

Are our GICs right for you?

They're right for you if:

You’re looking for a guaranteed rate of return on your investment.
You’re looking to lock in your funds long-term (i.e., for months or years).
You're looking for a completely digital banking experience.

They're not right for you if:

You think you may need to access your funds before maturity.
You’re looking to purchase a joint GIC.

Want growth so advanced
you don’t even have to think?

Then invest it, forget it, and earn more without paperwork, long processes or any other banking nonsense. Our GIC options let you lock in any of our amazing rates, so no matter what happens, that rate is yours. We’ve also got a range of term options to help you invest smarter.

Smart features

Rates that make your savings go boom
Say hello to some of the highest guaranteed rates in the industry on our GICs.
Registered or non-registered, take your pick
Want to invest in a non-registered or a tax-advantaged registered GIC? We’ve got you on both fronts. To buy a registered GIC, you’ll need to open a TFSA or RRSP or FHSA.
Plenty of term options
You’re the one in charge of your savings, and that includes choosing whether short or long term GICs are right for you (or hey, maybe it’s both).
Investments in a safe place
All deposits in EQ Bank products are eligible for Canada Deposit Insurance Corporation (CDIC) protection^†.
Low minimum deposit
We’re not about being restrictive, so you can start investing in GICs with as little as $100.
A GIC in seconds
As long as you have available funds, you can literally buy a GIC in seconds.

GIC_product-page-FAQ

Non-registered

You can purchase up to 20 active GICs at a time. Each GIC must be for at least $100, with a maximum purchase amount of $100,000 per GIC. The total value of all GICs held cannot exceed $500,000, excluding interest earned.

TFSA

There are no limits on the number of TFSA GICs you can buy, but the total funds across your TFSA Cash Savings Account and TFSA GICs cannot exceed $200,000, excluding interest earned. Each GIC purchase must be for at least $100, and no more than $100,000. Keep track of your contributions to avoid penalties for over-contributing. Please refer to the CRA for your contribution room details.

RRSP

You can purchase as many RRSP GICs as you like, but the total funds across your RRSP Cash Savings Account and RRSP GICs cannot exceed $1 million, excluding interest earned. Each GIC purchase must be for at least $100, and no more than $100,000. Be mindful of your contribution limits to avoid penalties. Please refer to the CRA for your contribution room details.

FHSA

You can hold multiple FHSA GICs, as long as your total contributions do not exceed $500,000 (separate from the $200,000 plan limit), excluding interest earned. Each GIC purchase must be for at least $100, and no more than $100,000. Keep track of your contributions to avoid penalties. Please refer to the CRA for your contribution room details.

Footnotes

Footnote *: EQ Bank GICs are non-redeemable. For GIC terms of less than one year, simple interest is calculated on a per diem basis and paid at maturity. For GIC terms equal to one year, simple interest is calculated on a per annum basis and paid at maturity. For GIC terms of over one year, not including 15 and 27 month terms, interest is calculated on a per annum basis and paid either annually (simple interest) or at maturity (compounded annually). For GIC terms of 15 and 27 months, interest is calculated on a per annum basis, compounded annually and paid solely at maturity. In all cases, interest is accrued for the entire GIC term. Per GIC investment limit of $100,000. For non-registered GICs, maximum of 20 active GICs per customer, with an aggregate GIC investment limit of $500,000. Unlimited registered GICs per customer. FHSA GIC investment limit is $500,000. TFSA investment limit is $200,000 (across TFSA Savings Account and TFSA GIC). RSP investment limit is $1,000,000 (across RSP Savings Account and RSP GIC). Rates per annum and are subject to change at any time.

^{Return to footnote * referrer}
Footnote †: Equitable Bank is a member of CDIC. EQ Bank is a trade name of Equitable Bank. Deposits made under EQ Bank and Equitable Bank are aggregately eligible for CDIC protection up to $100,000, per insured category, per depositor.

^{Return to footnote † referrer}
Footnote: EQ Bank does not offer the following products in the province of Quebec: US Dollar Account, International Money Transfers, RRSP Cash Savings Account, RRSP GICs, FHSA Cash Savings Account, FHSA GICs, Notice Savings Account, Business Account, and Business GICs. Additionally, the EQ to EQ transfers feature is not available in Quebec.

^{Return to footnote referrer}

Lock in to some of the best GIC rates in Canada

Don't miss our featured GIC rates

1 year

3 months

6 months

15 months

Don’t miss our featured GIC rates

Non-registered

1 Year

Registered

3 Months

How much growth are we really talking about?

How much growth are we really talking about?

Browse rates and terms to find the right GIC

Most popular GIC terms (1 to 5 years)

Non-registered

Registered GICs

TFSA

RRSP

FHSA

Short term GICs (less than 1 year)

Non-registered

Registered GICs

TFSA

RRSP

FHSA

Long term GICs (1 year or more)

Non-registered GICs

Registered GICs

TFSA

RRSP

FHSA

Are our GICs right for you?

Want growth so advanced you don’t even have to think?

Smart features

Rates that make your savings go boom

Registered or non-registered, take your pick

Plenty of term options

Investments in a safe place

Low minimum deposit

A GIC in seconds

GIC_product-page-FAQ

Can I redeem GICs before they mature?

How many GICs can I buy?

What happens when my GIC matures?

Is the interest earned from my GIC taxed?

Will I get a physical certificate for my GIC purchase?

Are GICs available in Quebec?

1 year

3 months

6 months

15 months

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Want growth so advanced
you don’t even have to think?